Xhaka is being tracked by Arsenal but Monchengladbach are ready to hold firm.Getty Images

Borussia Monchengladbach are ready to play hard ball over the future of midfielder Granit Xhaka, and say even an offer matching the player's €30m (£24m) release clause would not be enough to prise the Switzerland international away to Arsenal, or any other suitor during the summer transfer window. The Gunners have been heavily linked with a move for the 23-year-old, but the Bundesliga side have sent a strong message ahead of the off-season.

German publication Bild claims the North London club are among a throng of sides interested in recruiting Xhaka, with Bayern Munich and Chelsea are also thought to be monitoring the future of the player. The former FC Basel man says it would be a dream to move to the Premier League, but those ambitions look likely to be put on ice

Xhaka has a contract with Monchengladbach until 2019, and with his club holding the upper hand in negotiations they are read to swat away any interest in the player. Arsenal are expected to ramp up their interest in the coming months, but sporting director Max Eberl says even an offer that would trigger Xhaka's release will be rejected.

"They need not even send the fax with a €30m offer for Granit Xhaka, I fear it could get very tumultuous regarding rumours in summer," he said, according to The Evening Standard. "There is currently no offer from England. I'll keep you up to date when the first faxes roll in. Our club has become sexy. We've undergone a fantastic development. It's obviously our dream to play in the Champions League again, but dreams are hard to achieve."

Eberl has continually attacked any rumours regarding Xhaka and states his club will not enter into negotiations with any side over the future of their captain. Nevertheless, the base of the midfield continues to be an area of weakness in the Arsenal squad, and following another season destined to end without the Premier League title the club could turn up their interest this summer.

An approach could be all-but confirmed by the departure of Mikel Arteta, Mathieu Flamini and Tomas Rosicky, who are all out of contract at the end of the campaign and have endured injury-ravaged seasons for Arsenal. January arrival Mohamed Elneny has impressed since joining from Basel, while Jack Wilshere, Aaron Ramsey and Francis Coquelin are all in reserve.